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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

NOTE 5. INTANGIBLE ASSETS

 

The Company has a patent for the real-time calculation of shipping costs for items purchased through online auctions using a zip code as a destination location indicator. It includes shipping charge calculations across multiple carriers and accounts for additional characteristics of the item being shipped, such as weight, special packaging or handling, and insurance costs.

 

On April 19, 2011, the Company was granted a patent for a technique for facilitating advanced, rapid, accurate estimation of shipping costs across multiple shipping carriers and shipping options between buyer and seller in an online auction.

 

At December 31, intangible assets consisted of the following:

 

    2012     2011  
Patents   $ 16,000     $ 16,000  
                 
Accumulated depreciation     (9,900 )     (8,900 )
    $ 6,100     $ 7,100  

 

Amortization expense of intangible assets for the years ended December 31, 2012, and 2011 was $900.

Estimated future annual amortization expense is $900 for each year through 2019.